Is Lumpkin County, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Lumpkin County was a Seller's Market.
Key Takeaway
Lumpkin County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Lumpkin County, GA
How much do homes in Lumpkin County, GA cost?
Median Sold Price
$363,500
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Lumpkin County have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in Lumpkin County was $363,500 in March 2024, up 2.9% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $268.4K | $225K | -16.2% |
| 2 Bedrooms | $278.7K | $274.5K | -1.5% |
| 3 Bedrooms | $315K | $340K | +7.9% |
| 4 Bedrooms | $450K | $430K | -4.4% |
| 5+ Bedrooms | $587.5K | $615K | +4.7% |
Summary: Lumpkin County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.2%, 2 bedroom homes decreased by 1.5%, 3 bedroom homes increased by 7.9%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes increased by 4.7%.
Median Sold Price Compared To Nearby Counties
| White County | $320.6K | $357.7K | +11.6% |
| Union County | $365K | $403.4K | +10.5% |
| Dawson County | $406.7K | $419K | +3.0% |
| Lumpkin County | $353.2K | $363.5K | +2.9% |
| Fannin County | $579.2K | $563.4K | -2.7% |
Housing Supply in Lumpkin County, GA
How many homes are available in Lumpkin County, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 131 | 144 | +9.9% |
Summary: The Lumpkin County real estate market had 144 homes for sale in March 2024, a 9.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 0 | -100.0% |
| 2 Bedrooms | 13 | 13 | 0.0% |
| 3 Bedrooms | 58 | 66 | +13.8% |
| 4 Bedrooms | 36 | 43 | +19.4% |
| 5+ Bedrooms | 22 | 22 | 0.0% |
Summary: The Lumpkin County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 13.8%, 4 bedroom homes increased by 19.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 32 | 23 | -28.1% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lumpkin County, you may be able to get a good deal. 82.6% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in Lumpkin County in March 2024, down by 28.1% month-over-month. Of the 23 sold homes, 83% were sold under asking, 4% were sold at asking, and 13% were sold over asking.
Days on Market for Lumpkin County, GA
How long does it take to sell a home in Lumpkin County, GA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 40 Days | 56 Days | +37.8% |
Summary: Homes in Lumpkin County had an average of 56 days on market in Mar 2024, up by 37.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lumpkin County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 23 homes were sold in Lumpkin County; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.